Five sectors.
We invest only where a principal has worked. Proposals outside these five sectors are declined early.
- Industrial software
- Health
- Energy
- Financial infrastructure
- Consumer staples
The same list applies to direct holdings, early-stage ventures and co-investments.
What we look for
In a private company
- Owners we expect to work with for many years
- Demand that should outlast the current product
- A way to fund its own growth
In an early-stage venture
- Founders a principal can be useful to
- A round we can join with a small position
- Room to follow on if it is earned
In a co-investment
- A lead we know and have backed before
- Terms we could have negotiated ourselves
- A business we would hold on our own